Trac Lease
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Leasing with multiple options for your business

The most common type of lease is referred to as a Terminal Rental Adjustment Clause (TRAC) lease. A TRAC lease allows you to have the residual value of the truck determined at lease origination. This allows you to structure a payment plan optimized for your usage requirements and cash flow needs. You’ll provide input on the residual value, and at lease end, you’ll be responsible for the residual value of the truck. There are also multiple options at lease end, including acquiring the vehicle or having the vehicle sold.

TRAC Lease* For Hino Trucks Only

Benefits with all our products

All of our leases include a Master Lease which allows current and future equipment acquisition needs to be fulfilled under a single master lease agreement.  

  • Reduced documentation requirements
  • Multiple purchases over an extended period of time
  • Only one Master Lease agreement is required for line of credit

Combine our products to make them fit your specific needs

In addition to our great products, you can now combine any TICF lease to include our One-Pay, Skip-Pay or Flex-Lease products.



A customized payment schedule based on your business needs.

  • Payments can be matched to revenue streams or business cycles
  • Maintaining constant use of the equipment while making payments when it makes the most sense for your business
  • Most common in the agricultural sector, where growers and produce companies have high and low seasons

One-Pay Lease

The one-pay balloon lease product is an alternative for customers who are used to paying cash for their material handling equipment. Rather than making monthly payments like a traditional lease, make a one-time up-front payment, then have no monthly payments for the balance of the term and retain all of the benefits of our closed-end operating lease at end of term.

  • Keep cash available to reinvest in other areas
  • Keep current credit lines open
  • Reduced interest expense
  • No monthly invoices


The Flex-Lease Program offers customers a lease for a specific initial term with an option to renew for a subsequent term at predetermined lease payments. This program typically offers more customer savings than a standard lease.

  • Option to extend lease based on customer’s business needs
  • Ability to match specific lease periods with customer’s contract commitments
  • Structure a program that will adjust to anticipated market fluctuations
  • Multiple term combination options available
  • Sum of payments with a Flex Lease typically total less than that of a regular lease of the same combined term
  • Allows the ability to exercise an early lease termination without additional expense